Bloom Dekor Ltd has strengthened its board governance by appointing four individuals as Additional Non-Executive Independent Directors for a term of five years effective July 17, 2026. The new appointees are Mrs. Ruta Rohankumar Soni, Mr. Kiran Bhartabhai Mistri, Mr. Heera Lal Kumhar, and Mrs. Payal Ravi Banwari. The decision was taken during a board meeting convened on July 17, 2026, which commenced at 05:00 P.M. and concluded at 05:50 P.M.

The appointments are subject to regulatory compliance under the SEBI (LODR) Regulations, 2015. The company has confirmed that none of the appointees are debarred from holding the office of director by virtue of any SEBI order or any other authority, nor are they disqualified under Section 164 of the Companies Act, 2013. The disclosure was submitted to BSE Limited on July 17, 2026.

Mrs. Ruta Rohankumar Soni (DIN: 02371504) brings over three years of experience in corporate restructuring and legal provisions. She has completed her Bachelor of Commerce and is pursuing the Professional Programme of the Company Secretary course. She has also cleared the IICA examination required to become an independent director.

Mr. Kiran Bhartabhai Mistri (DIN: 10611534) is a 31-year-old experienced member with skills in communication and public speaking. He currently serves as an Independent Director on the boards of Encode Packaging India Limited, Aditya Forge Limited, and Gallops Enterprise Limited. His background includes managing business operations and corporate affairs.

Mr. Heera Lal Kumhar (DIN: 10611510) possesses extensive practical experience in business management, administration, and corporate governance. He is recognized for his integrity and independent judgment, which are expected to contribute to the board's strategic and operational deliberations.

Mrs. Payal Ravi Banwari is a Company Secretary with over six years of experience in corporate law and governance. She holds a Bachelor of Commerce, a Bachelor of Laws, and an MBA from Unitech Institute of Technology in Auckland. Her appointment is effective from July 17, 2026, or the allotment of a Valid Director Identification Number by the Central Registration Center, MCA, whichever is later.

Summary of Appointments

Bloom Dekor Limited reported its audited standalone financial results for the fiscal year ended March 31, 2026. The company, currently under the Corporate Insolvency Resolution Process (CIRP), recorded a net loss of ₹87.57 lakh for the year, an improvement from the net loss of ₹103.45 lakh in the previous year. Revenue from operations for FY26 stood at ₹515.77 lakh, up from ₹451.78 lakh in FY25.

Financial Performance

The company's total income for the year rose to ₹522.78 lakh from ₹456.14 lakh in the prior year. Total expenses increased to ₹640.38 lakh compared to ₹594.58 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net loss of ₹22.55 lakh, while revenue from operations was ₹137.98 lakh.

Audit Qualifications

The statutory auditors, Parikh & Majmudar, issued a modified opinion on the financial results. The qualifications relate to trade payables in foreign currency outstanding for more than three years amounting to ₹150.66 lakh, where the company is evaluating compliance with the Foreign Exchange Management Act, 1999. Additionally, the company did not make a provision for interest on inter-corporate deposits taken from an NBFC, which would have increased the loss for the year by ₹4.50 lakh.

Corporate Insolvency Resolution Process

Bloom Dekor Limited remains under CIRP as per the order of the National Company Law Tribunal, Ahmedabad Bench dated October 11, 2023. The Resolution Professional has filed an application for the approval of the resolution plan, which is pending adjudication before the NCLT. The auditors noted that the company's net worth is negative, casting significant doubt on its ability to continue as a going concern.